For Sale · Land

2434 Kettleston Road, Golden

2434 Kettleston Road, Golden, BC V0A1H1

$1.6M total

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Asset Class

Land

Size

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Building class

C

Zoning

UR — Urban Reserve

$ / SF

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Occupancy

93%

Lot Size

40.22 ac

About this property

Discover 40.22 acres of private, highly usable riverfront land in the scenic Blaeberry area 15-20 mins from Golden. An established 1.3-km trail winds through mixed forest from Kettleston Rd to the dramatic Blaeberry River canyon, with opportunities for hiking, biking & cross-country skiing. Several potential building sites are located throughout the property, including an exceptional site near the crest of the slope with panoramic views of Mt Hedberg, Moberly Peak & the surrounding mtns. A 6,000-square-ft shop near the front of the property features insulated walls, roof & concrete floor, metal cladding inside & out, a large open workspace (70 x 60) + multiple storage rooms & a second-level mezzanine. The property has 2 200-amp electrical services—one for the shop & one ready for future development. Water is supplied by 2 1750 gallon water tanks & there is currently no septic system. Potential to drill a well but for now water delivery is affordable & easy to organize. With no local zoning bylaw presently in place, the acreage may offer potential for subdivision into approx. 2.5-acre lots, a recreation-oriented commercial venture or a small outdoor resort with cabins, glamping tents, geodomes, bunkies, RV sites, etc. The shop would be a nice perk, offering guest workspace, storage and/or event-hosting space. Combining usable land, privacy, outstanding recreation and convenient access to Golden, this is a rare opportunity in one of the Columbia Valley’s most scenic settings. (id:66811)

Financial sandbox

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Estimate
Purchase price$1.59M
Down payment30% · $479K
Interest rate6.25%
Amortization25 years
Occupancy93%
Expense growth2.5%

Monthly debt service

$7K

Projected NOI

$85K

Annual cash flow

$-3K

Cash-on-cash

-0.68%

DSCR

0.96

Going-in cap

5.34%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

113,408

Households

47,182

Median income

$81,500

Median age

43.7

Daytime population

140,006

5-yr growth

2.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 2434 Kettleston Road, Golden.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.